The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is soaring higher today in a rally inspired by Wall Street, which surged almost 4% overnight. Although it is unclear whether, or for how long, the market's optimism will last, it's certainly a great opportunity for investors to take a breather (and of course, buy high-quality companies trading at basement prices)!
Here are four ASX companies that are performing particularly strongly today…
Flight Centre Travel Group Ltd (ASX: FLT) is flying higher, although the stock has cooled off this afternoon. As at the time of writing, it's up 9.7% at $35.41 after climbing as much as 15.3% earlier. The travel agency group posted earnings at the higher end of its recently downgraded profit guidance, while it also expects profits to rebound in the current fiscal year.
RCG Corporation Limited (ASX: RCG) rose 12.4% to $1.27 per share. While the gain likely be attributed to a favourable re-rating on the stock, courtesy of Bell Potter, the company recently said that its underlying net profit had risen 16% year-on-year with like-for-like sales growth of 1.2%. The company also reported a full-year fully franked dividend of 4.5 cents per share, putting the stock on a grossed up yield of 5.1% and making it an attractive prospect in an otherwise low interest rate environment.
Retail Food Group Limited (ASX: RFG) surged 10.9% higher after it also released its full-year earnings results. Revenue for the period rose 46.9% while the underlying profit increased 49.3%, although this result was diluted on a per share basis due to the additional shares being issued during the period. Still, outlet growth is tipped to continue, as are earnings, with the market finally switching on to the long-term investment opportunity.
1-Page Ltd (ASX: 1PG) not only survived the market's recent crash – it's come out the other side stronger than ever! The company soared 9% to $3.98 after hitting an all-time high of $4.05 earlier in the session. 1-Page is striving to revolutionise the way in which companies hire and promote talent, offering significant cost and time advantages to those utilising its services.
